St Elizabeth Medical Center Foundation Inc
- Assets
- $6.1m
- Revenue
- $153.1k
- Investments
- $5.5m
- Employees
- 0
- Location
- Utica, NY
- Founding
- 07/1987
- Data as of
- 12/2021
- EIN
- 22-2562170
Organization Overview
St Elizabeth Medical Center Foundation Inc is located in Utica, NY. The organization was established in 1987. According to its NTEE Classification (E11) the organization is classified as: Single Organization Support, under the broad grouping of Health Care and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. St Elizabeth Medical Center Foundation Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, St Elizabeth Medical Center Foundation Inc generated $153.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (16.4%) each year. All expenses for the organization totaled $97.0 during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (70.9%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE ST ELIZABETH MEDICAL CENTER FOUNDATION HAS PERFORMED A VITAL SUPPORTIVE ROLE FOR ST ELIZABETH MEDICAL CENTER THROUGH SPONSORSHIP OR SUPPORT OF FRIEND-RAISING, FUNDRAISING AND HEALTH EDUCATION ACTIVITIES. THE FOUNDATION PROVIDES SUPPORT FINANCIAL, PHILOSOPHICAL AND SOCIAL, SO THAT THE MEDICAL CENTER MAY CONTINUE TO PROVIDE FOR THE MEDICAL NEEDS OF THE COMMUNITY REGARDLESS OF RACE, NATIONAL ORIGIN, CREED OR ABILITY TO PAY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE FINANCIAL SUPPORT TO ST. ELIZABETH MEDICAL CENTER, A VOLUNTARY NOT-FOR-PROFIT HOSPITAL, THROUGH PRIOR CONTRIBUTIONS AND FUNDRAISING ACTIVITIES, AS WELL AS MAKING FUNDS AVAILABLE ON AN ONGOING BASIS AS PER THE INTENT OF THOSE FUNDS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Louis Aiello Mvhs CFO | Officer | 1 | $0 |
Darlene Stromstad Mvhs President/ceo | Officer | 1 | $0 |
John Forbes Mvhsf VP Of Philanthropy | Officer | 1 | $0 |
Terrance J Mielnicki President | Officer | 0.5 | $0 |
John Hobika Jr Vice President | Officer | 0.5 | $0 |
Stephen Surace Treasurer | Officer | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Investment income | $107,861 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $45,246 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $153,107 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $97 |
| Total functional expenses | $97 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,345 |
| Savings and temporary cash investments | $272,238 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $5,507,569 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $273,220 |
| Total assets | $6,056,372 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $4,939,382 |
| Net assets with donor restrictions | $1,116,990 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $6,056,372 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that St Elizabeth Medical Center Foundation Inc has recieved totaling $7,580.
| Awarding Organization | Amount |
|---|---|
New York State Catholic Health Plan Inc New York, NY PURPOSE: PART IV, SUPPLEMENTAL INFORMATION | $7,580 |
Endowment Analysis
| Beg. Balance | $3,956,020 |
| Earnings | $632,563 |
| Ending Balance | $4,588,583 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Vna Care Network Inc Worcester, MA | $53,895,058 | $9,740,895 |
The Foundation For Delaware County Media, PA | $70,292,526 | $12,697,458 |
St Francis Research And Educational Corporation Roslyn, NY | $9,987,779 | $6,062,261 |
New York City Retirees Health & Welfare Fund Lynbrook, NY | $40,321,331 | $11,937,808 |
Integrinurse Inc Pittsfield, MA | $570,096 | $8,159,741 |
Cooper Health Systems Camden, NJ | $99,186,980 | $12,310,432 |
Friends Of Indus Hospital Inc Teaneck, NJ | $6,718,451 | $9,579,244 |
Salem Physician Practices Pc Salem, NJ | $930,256 | $3,417,456 |
Agma Health Fund New York, NY | $16,660,760 | $8,070,955 |
Bryn Mawr Hospital Foundation Bryn Mawr, PA | $102,040,001 | $12,922,519 |
Baystate Health Foundation Inc Springfield, MA | $162,504,462 | $11,066,135 |
Hunterdon Healthcare System Inc Flemington, NJ | $3,951,978 | $7,578,810 |